New e-Invoice Rules under GST from 1st June 2025
The GST Network (GSTN) has issued an advisory regarding a crucial change in the e-Invoicing system related to Invoice Reference…
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Income Tax Department will send notice for not filing ITR on these 9 transactions
Bank Transactions Rules: The Government is keeping a close watch on high-value transactions with the help of data analytics and…
Zero Tax on Business Turnover of up to Rs.2 Crores
Budget 2025 has introduced various modifications to direct taxation, including a new tax rate slab, an increased basic exemption limit…
Switzerland Withdraws MFN Clause for India in Tax Treaty
Switzerland has suspended the Most Favoured Nation (MFN) clause in its Double Taxation Avoidance Agreement (DTAA) with India. This move…
Why Income Tax Department has introduced new PAN 2.0 Project
The Union Cabinet approved the PAN 2.0 Project on Monday to make PAN the “single source of truth and data…
Income Tax Department can send income tax notice on these 5 high value cash transactions
Income Tax Notice: You will find many such people who prefer to transact in cash even in the age of Digital…
CGST Section 16 Revised: Taxpayers Gain Relief with New ITC Claim Provisions for 2017-2021
In a significant update to the Central Goods and Services Tax (CGST) Act, Section 16 has been amended with the…
6 income tax rules introduced in Budget 2024 to be effective from Oct 1. Check list
The STT applicable to futures and options (F&O) trading is set to increase from October 1, 2024. Specifically, the tax…
Intimation Under Section 143(1) of Income Tax Act
Section 143(1) of the Income Tax Act, 1961 is essentially a computer-generated automated message which lets the taxpayer know of…
Advance tax collection for H1 swells 22.6% to Rs 4.36 lakh crores
Advance tax collections in India increased by 22.61% to ₹4.36 lakh crores in the first half of the current financial…
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